China: Looking abroad for a new home

Properties in the former US industrial city Detroit started to fall to as low as $100, attracting Chinese investors who have found their investments in the Chinese property market becoming harder under the central government’s tightening policies.
As real estate hits rock bottom in Detroit, Chinese investors are planning to purchase properties there, the People’s Daily reported. There are more than a dozen properties priced lower than $100, with some extreme cases on offer for $1………………………………………..Full Article: Source